More than Revenue (Ter-Minassian)

More than revenue: main challenges for taxation in Latin America and the Caribbean by Teresa Ter-Minassian published by IDB. “This paper aims to provide an overview of the current state of taxation in the Latin America and Caribbean (LAC) region, and its main reform needs and options. This paper analyzes the region’s taxation in regard to revenue adequacy, efficiency, vertical and horizontal equity, ease of administration and compliance, and degree of fiscal decentralization, concluding that there is significant scope for reforms that would result in simultaneous improvement on several of these fronts.”